Chairman of China’s second-largest liquor producer under corruption probe
Zeng Congqin, the chairman of Wuliangye Yibin, is under investigation for corruption amid intensified scrutiny in China’s liquor industry.
Why did alcohol and ice cream prices rise? Companies that spent on rebates and excessive logistics fees face tax claims
The National Tax Service of South Korea has imposed tax claims on 53 monopoly liquor companies, amounting to ₩178.5 billion, for profit evasion linked to rebates and inflated logistics costs.